Thanks Gajju for introducing this wonderful method of communication for the forum.
I have few suggestions to make
- About selection of companies : There must be restriction on number of companies that can be selected from NIFTY50 or BSE 30 as these are covered by many analyst and there would be little challenging in them unless its strategic aspect like Bhartis deal for Zain's African opraion at USD 10.8 billion. for which the group is still un-prepared(the restriction can be up-to 4 out of 5 for this trimester). Other point on the same topic is people will have to decide before hand their rational for choosing companies on either:
- technical Basis
- Fundamental basis.
- If they chose these we need to decide how frequently will a technical person shall update his recommendations and what will be the role of Fundamental Analyst in it (they could come out with Annual and Quarterly earnings update)
- PUMBA course structure lacks basic Financial knowledges that a Managers should know. I was surprised at cursory treatment given to NPV and IRR. Perhaps it might be taken in the next trimester.Thats unfortunate as other managers(marketing :( and Ops :( ) need to understand these concepts well. So we need to Identify courses that can be covered through these forum. I am excited about IFRS and GAAP if possible and options and futures. Lets see!
- We need to target few competitions. More about this latter on 26th
- If HR can have its flag ship programm we need ours too I take this opportunity to solicit help of every person on Finance forum to help us(CK & Gajju) make the Budget Progamm a grand success!!
- I am looking for contributors for wikinvest.com more the merry, as a way of branding the forum and exposing people to analysis skills.
- Lastly 43 is a huge number to handle we might have to think about splitting the group. (seriously 43 members group case study will be challenging ).
Finally I have two suggestion, I believe that many people who wish to take finance will in future will be associated with capital markets in one way or the other either as an Investment Banker (i hope so!) as Bankers as Financial Advisers as Corporate Financial Managers so can we adopt CFA ETHICS as code of conduct for the group. Do not worry it will be easy to get the permission from the CFA Institute.
And the second suggestion been Professionalism. I request members to please look out in to ways of putting these at the earliest. Commitments to forum must be honored at all cost. No Force majeure clauses.
We need to discuss all these aspects and more. And this can not be just for Finance forum there are three other forums Marketing, System & Ops. But at least for finance forum I second Gajjus call lets have a general Body Student meeting of Finance students on 26th.
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